Cushman & Wakefield’s Kevin Phelan represented the seller in the transactions.
"These transactions stand out given the limited number of multifamily sales currently taking place in the region," said Phelan. "These properties are particularly noteworthy due to their strategic locations within thriving areas and their consistently high occupancy rates. Combined, these factors position them as highly attractive investment opportunities in a market that remains both stable and poised for continued growth."
The Southridge Townhomes are located at 6470 21st St., consisting of 37 units over 145,578 square feet. Built in 2020, the property features three-bedroom units with modern designs and high occupancy rates of 97%.
The Montgomery Townhomes at 3260 9th St W. were built in 2014 and offer 67 units across 162,454 square feet. These townhomes are highly sought after for their spacious layouts and proximity to local amenities.
Situated at 4950 36th Ave, The Valley View Townhomes include 22 units and were constructed in 2024. The 67,933-square-foot property boasts a 100% occupancy rate.
Fargo, the largest city in North Dakota, is experiencing significant growth due to its diverse economy and affordable lifestyle. The city is a hub for agriculture, higher education and business, with major employers like Microsoft, North Dakota State University and Sanford Health.